If you have made a large amount of money in crypto and plan to withdraw a large amount, such as millions of dollars in USDT, be prepared. Banks will likely ask questions, especially for large amounts like $5 million or more. They may even reach out to offer financial services like insurance, VIP accounts, or trust funds. Sounds good, right? But wait, there is more to know. 🤔
⚠️ Beware of “Black Money” Risk: Selling USDT through unknown platforms or merchants can expose you to illegal funds. If you encounter so-called “black money”, here is what can happen:
1️⃣ Minor issue: Account frozen for a few days.
2️⃣ Big trouble: Accounts get frozen, seized, or even subject to legal action for months. You could face serious consequences like jail time or long-term restrictions on your financial activities. 🚫
💡 Avoid suspicious transactions: Selling USDT at unusual prices—like $7.50 when the market rate is $7—can raise red flags of illegal activity. Stick to market rates and legitimate platforms to avoid being accused of hiding illicit funds.
🛡️ Play it safe: If you are withdrawing money, only work with trusted people. Make sure the money comes from regular personal accounts that have been stable for at least three days. Avoid cash transactions as they have risks related to black money or even personal safety. Always verify the money before completing the transaction.
Lesson learned: Be smart, stay safe, and avoid unnecessary risks in your crypto journey. Don't let your hard-earned money turn into a legal nightmare. 💼💸#Write2Win #BinanceWeb3Wallet
